What did 2012 bring for wealth managers?

Whether it has been ensuring individuals are appropriately qualified, or deciding whether to take the independent or restricted route, 2012 will be remembered by wealth managers as the year of preparation or, for some, the calm before the storm. Here, Investment Week looks at the year's key events in the wealth management industry. Regulation In June, the FSA began a new phase of its review into wealth management, threatening to take regulatory action if firms had not moved to tighten up systems and controls. The regulator had previously outlined its concerns over the suitabilit...